Baytex Energy (BTE) has notable insider buying

Baytex Energy (T:BTE)

Baytex Energy Corp. (BTE) has a high amount of executive buying compared to its mid-cap peers over the past three months. Mark Bly, a Director, acquired 25,000 Common Shares on a direct ownership basis at a price of $1.400USD through the public market on May 21st, 2021. This represents a $42,214 investment into the company's shares and an account share holdings change of 7.6%.

Baytex Energy Corp. (Baytex) is a North American focused oil and gas company based in Calgary, Alberta. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The Company has oil and gas operations in Canada and the United States. The Company's crude oil and natural gas operations are organized into five main operating areas: Peace River, Lloydminster, Viking, Duvernay and the Eagle Ford. The Canadian operating segment includes its light oil assets in the Viking and Duvernay, its heavy oil assets in Peace River and Lloydminster and its conventional oil and natural gas assets in Western Canada. The U.S. operating segment includes its Eagle Ford assets in Texas.